Refer to the table above, which gives five points on a nation's PPF. The opportunity cost of increasing the production of Y from 16 to 36 units is a total of
A) 1/5 unit of X per unit of Y.
B) 2/5 unit of X per unit of Y.
C) 1/2 unit of X per unit of Y.
D) 3/5 unit of X per unit of Y.
B
You might also like to view...
Ricardian Equivalence theory assumes that ________
A) an anticipated increase in the income of future generations will reduce the amount that is saved today on their behalf B) government spending remains constant C) many people are subject to borrowing constraints D) tax cuts have a positive impact on aggregate supply
Which of the following is correct? The natural rate of unemployment
a. is a zero unemployment rate. b. has been steady at 3 percent over the past decade. c. is defined by Friedman as that rate of unemployment "in which everyone who wants a job can have a job." d. is the unemployment rate that exists in the long-run. e. None of the above